MAAS Announces Transaction Agreement to Acquire Times Good, Establishing Full-Stack AI Ecosystem with Leading Computing Power and Algorithms

Rhea-AI Summary

Maase (NASDAQ: MAAS) agreed to acquire 100% of Times Good, which controls Huazhi Group, for approximately RMB1.1 billion. Consideration is a combination of 87,400,144 Class A shares and US$26,000,000 cash payable within 365 days after closing. The Consideration Shares will be locked up for 60 months. The deal is expected to close by the end of February 2026. Huazhi Group provides high-performance computing clusters and AI algorithm frameworks serving public security, firefighting, agriculture, forestry, water resources and enterprise digital transformation. MAAS says the acquisition creates a full-stack AI capability spanning computing, algorithms, hardware and services.

Positive

• Acquisition values Huazhi Group at approximately RMB1.1 billion
• Adds high-performance computing clusters and AI algorithm frameworks
• Creates vertically integrated stack: computing, algorithms, hardware, services
• Deal expected to close by end of February 2026

Negative

• Consideration includes issuance of 87,400,144 Class A shares (shareholder impact)
• US$26,000,000 cash payable within 365 days could affect near-term liquidity
• Consideration Shares subject to a 60-month lock-up period

Key Figures

Huazhi valuation: RMB 1.1 billion Consideration shares: 87,400,144 shares Par value: US$0.09 per share +5 more

8 metrics

Huazhi valuation RMB 1.1 billion Transaction value for Huazhi Group

Consideration shares 87,400,144 shares Class A ordinary shares issued as part of consideration

Par value US$0.09 per share Par value of MAAS Class A ordinary shares

Cash component US$26,000,000 Cash consideration payable within 365 days after closing

Payment timing 365 days Deadline to pay cash consideration after closing

Lock-up period 60 months Post-closing lock-up on consideration shares

Equity interest acquired 100% Equity interests of Times Good Limited to be acquired

Expected closing End of February 2026 Target closing timeline for the transaction

Market Reality Check

Price: $5.79 Vol: Volume 24,667 is about 2....

high vol

$5.79 Last Close

Volume Volume 24,667 is about 2.3x the 20-day average of 10,723, indicating elevated trading interest ahead of the acquisition. high

Technical Shares at $5.61 are trading above the $3.92 200-day MA, but still 57.91% below the 52-week high of $13.33.

Peers on Argus

MAAS fell 2.43% while key asset-management peers showed small gains or flat move...

MAAS fell 2.43% while key asset-management peers showed small gains or flat moves (e.g., BMEZ +1.16%, ECC +0.18%, HQH +0.46%, HTD -0.21%). This points to a company-specific reaction to the AI acquisition rather than a sector-wide move.

Historical Context

3 past events · Latest: Nov 28 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 28	Board change	Neutral	+4.6%	New chairman appointed, signaling governance and strategic oversight change.
Oct 28	Strategic acquisition	Positive	+4.2%	Closed Real Prospect deal, entering new-energy and intelligent services markets.
Aug 28	Sector expansion deal	Positive	-4.4%	Acquired Carve Group, expanding into healthcare and wellness assets.

Pattern Detected

Recent acquisition announcements have produced mixed reactions: some strategic deals were followed by gains, while a large healthcare/wellness acquisition saw a negative response.

Recent Company History

Over the past six months, MAAS has been actively reshaping its business through acquisitions and leadership changes. In August 2025, it bought Carve Group to enter healthcare and wellness, which was followed by a -4.44% move. In October 2025, it closed the Real Prospect deal to expand into new-energy and intelligent services, with shares up 4.21%. A board change in November 2025 coincided with a 4.56% gain. Today’s AI-focused acquisition continues this deal-driven transformation trend.

Market Pulse Summary

This announcement marks another step in MAAS’s transformation, adding Huazhi Group’s AI computing an...

Analysis

This announcement marks another step in MAAS’s transformation, adding Huazhi Group’s AI computing and algorithm capabilities to a portfolio already expanded by acquisitions in healthcare, wellness, and new-energy services. The deal, valuing Huazhi at RMB 1.1 billion and involving 87,400,144 new shares plus US$26,000,000 cash, continues a strategy of using equity to fund growth. Investors may watch integration progress, capital commitments, and how the full-stack AI positioning translates into financial results.

Key Terms

high-performance computing, artificial intelligence, algorithm, R&D

4 terms

high-performance computing technical

"Huazhi Group, specializing in high-performance computing and artificial intelligence..."

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

artificial intelligence technical

"high-performance computing and artificial intelligence algorithm R&D, possesses robust..."

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

algorithm technical

"provider of computing power and algorithm solutions in China."

An algorithm is a step-by-step set of instructions a computer follows to solve a problem or make a decision, like a recipe that turns inputs into a specific output. Investors care because algorithms power automated trading, risk models, and data analysis that can speed decisions, amplify gains or losses, and affect market prices—so understanding their role helps assess how technology may influence a company's performance or market behavior.

R&D technical

"artificial intelligence algorithm R&D, possesses robust computing clusters..."

Research and development (R&D) is the work a company does to discover new products, improve existing ones, or develop better ways of making things — like a kitchen testing recipes to create a hit dish. For investors it matters because R&D is where future sales and competitive advantages are born, but it also uses cash and carries risk, so R&D spending and outcomes signal a company’s growth potential and uncertainty.

AI-generated analysis. Not financial advice.

QINGDAO, China, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Maase Inc. (NASDAQ: MAAS) (“MAAS” or the “Company”) today announced that it has entered into a transaction agreement to acquire 100% of the equity interests of Times Good Limited (the “Target Company” or “Times Good”), which in turn, controls core assets and operations of Huazhi Future (Chongqing) Technology Co., Ltd. (“Huazhi Future”) and its subsidiaries (collectively the “Huazhi Group”). Huazhi Group is a leading provider of computing power and algorithm solutions in China. This acquisition is a key step in MAAS’s implementation of its dual-engine strategy driven by intelligent technology and capital investments. By integrating Huazhi Group’s underlying computing power and core algorithm capabilities, MAAS will build a complete technology stack spanning from the computing foundation and intelligent algorithms to smart hardware and full-scenario services. This marks MAAS’s strategic evolution from a “Scenario Operator” to an “AI Industry Leader” with full-stack, self-controlled capabilities.

The transaction values Huazhi Group at approximately RMB1.1 billion. The consideration will be paid through a combination of shares and cash, consisting of (i) an aggregate 87,400,144 Class A ordinary shares of a par value of US$0.09 each of the Company (the “Consideration Shares”), and (ii) a cash payment of US$26,000,000, which will be paid within 365 days after the Closing. The Consideration Shares will be subject to a lock-up period of sixty (60) months following the Closing. The transaction is expected to close by the end of February 2026.

Huazhi Group, specializing in high-performance computing and artificial intelligence algorithm R&D, possesses robust computing clusters and advanced underlying algorithm frameworks that provide a solid foundation for the training and deployment of AI applications. Huazhi Group focuses on integrating high-performance computing power, big data, and algorithm resources, and it serves government governance sectors such as public security, firefighting, agriculture, forestry, and water resources, as well as supporting the digital transformation of large enterprises. Following the completion of this acquisition, MAAS will establish a vertically integrated capability covering “computing power, algorithms, and smart hardware-enabled full-scenario operational services,” connecting every technical link in AI industrial implementation.

Ms. Min Zhou, the Chief Executive Officer of MAAS, commented, “MAAS was born out of capital, but evolves through technology. We have been committed to seeking high-quality targets that can expand the boundaries of our AI ecosystem, while Huazhi Group represents the core engine that will power the evolution of these scenarios. With the addition of Huazhi Group, MAAS now possesses integrated hardware-software capabilities. We will continue our dedication to enabling a future life of freedom through intelligent technology and creating long-term value for our shareholders.”

About MAAS

Founded in 2010 and formerly known as Highest Performances Holdings Inc. and Puyi Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by leveraging two primary driving forces: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as artificial-intelligence services, advanced deep-tech solutions, science-backed health and wellness products.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When MAAS uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from MAAS’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: various closing conditions to the acquisition may not be satisfied or waived; MAAS’s goals and strategies; MAAS’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets MAAS serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by MAAS with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in MAAS’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. MAAS undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Investor Relations
Phone: +86-532-66030885
Email: ir@maaseai.com

FAQ

What is MAAS acquiring in the Times Good transaction announced January 23, 2026?

MAAS is acquiring 100% of Times Good, which controls Huazhi Group, a provider of computing power and AI algorithm solutions.

How much is MAAS paying to acquire Huazhi Group (Times Good)?

The transaction values Huazhi Group at approximately RMB1.1 billion, paid via 87,400,144 Class A shares plus US$26,000,000 cash.

When is the MAAS–Times Good deal expected to close and when is cash payable?

The transaction is expected to close by the end of February 2026 and the US$26,000,000 cash is payable within 365 days after closing.

What shareholder restrictions apply to the shares issued to Times Good sellers (MAAS symbol)?

The Consideration Shares will be subject to a 60-month lock-up following closing.

How will the Huazhi Group assets affect MAAS’s business strategy (NASDAQ: MAAS)?

MAAS will integrate Huazhi’s computing clusters and algorithms to build a full-stack AI ecosystem covering computing, algorithms, smart hardware and services.